Warranty provisions made on scientific & Reasonable basis is allowable

IN THE ITAT BANGALORE BENCH ‘A’ Textronix India (P.) Ltd. Versus Deputy Commissioner of Income-tax IT Appeal No. 1334 (Bang.) of 2010 [Assessment year 2006-07] October 31, 2012 ORDER N.V. Vasudevan, Judicial Member – This is an appeal filed by the assessee against the order dated 20-9-2010 passed by the DCIT, Circle 12(4), Bangalore, u/s 143(3) r.w.s.l44C of the Income-tax Act, 1961 [hereinafter referred to as “the Act”]. 2. The assessee has filed concise grounds of appeal. Ground Nos.9 and 10 in the concise grounds of appeal were not pressed and...